Under Armour, Inc. PP&E Disclosure
| Years | |||||
| Furniture, fixtures and displays, office equipment, software and plant equipment | 3 to 10 | ||||
| Buildings and building improvements | 10 to 40 | ||||
Leasehold and tenant improvements | Shorter of the remaining lease term or related asset life | ||||
| March 31, 2026 | March 31, 2025 | ||||||||||
| Leasehold and tenant improvements | $ | 430,441 | $ | 457,419 | |||||||
| Furniture, fixtures and displays | 187,291 | 307,258 | |||||||||
| Buildings and building improvements | 271,638 | 271,888 | |||||||||
| Software | 251,707 | 282,478 | |||||||||
| Office equipment | 128,347 | 141,684 | |||||||||
| Plant equipment | 148,828 | 190,169 | |||||||||
| Land | 74,460 | 74,460 | |||||||||
Construction in progress (1) | 18,750 | 24,176 | |||||||||
| Other | 13,513 | 19,391 | |||||||||
| Subtotal property and equipment | 1,524,975 | 1,768,923 | |||||||||
| Accumulated depreciation | (926,022) | (1,123,776) | |||||||||
| Property and equipment, net | $ | 598,953 | $ | 645,147 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 19, 2026 | Showing above |
| 2025 | May 22, 2025 | |
| 2024 | May 29, 2024 | |
| 2023 | May 24, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 25, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 22, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.